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EFES NEWSLETTER - JUNE 2017
| Barometer
of employee ownership policies in European countries |
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Eighteen European countries now have policies for the
promotion and development of employee ownership. This
number had never been higher before.
Except in France, all recent policy developments in
Europe pave the way towards higher incentives for employee
ownership. Norway doubled fiscal incentives on 1.1.2017.
Poland prepares dedicated legislation. Ireland announces
a new share incentive scheme for SMEs to be introduced
in 2018, as well as The Netherlands with a favorable
tax treatment of stock options for employees of innovative
start-ups. These
new developments confirm the positive trend observed
since 2013.
On the other hand, hesitation dominated in France, where
the outgoing government suppressed in 2017 the positive
provisions introduced by the Macron Law eighteen months
earlier. This explains the relapse of the barometer
in 2017. The
negative political decisions of France since 2009 unfortunately
influence the performance of the whole of Europe. In
France, they are at the origin of the heavy fall in
the rate of democratization of employee ownership, the
number of employee shareholders being reduced to three
million compared with four million with unchanged policy.
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Employee ownership and economic well-being |
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Employee Ownership —employees owning stock in the companies
where they work—is a major aspect of the U.S. economy.
But until now, little research has explored its impact
on individual workers.
A new research on "Employee
Ownership and Economic Well-Being" due to the
NCEO in the USA presents some of the first in-depth
analysis of the relationship between employee ownership
and workers’ economic well-being.
The findings of this research are remarkable. Employee
ownership is a market-friendly, anti-inequality policy
that improves outcomes for companies and provides workers
with higher wages, more generous benefits, and greater
job stability. In short: Employee-owners lose less sleep
over their financial future. More
information
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Press
review
We have a selection of 28 remarkable articles in 8 countries
in May 2017: Austria, Belgium, Finland, France, Germany, Italy,
UK, USA.
Austria: Wienerberger will set up an employee ownership
foundation.
Belgium: Both Government and Ecologist Party plan to
promote employee ownership in SMEs.
Finland: Personnel funds in Finland: State of play.
France: New employee share plans for Ingenico, for
Valeo. Employees become majority shareholders of GA Group.
Workers coops competing with Uber. New employee shareholders'
association for Carrefour.
Italy: Ideas about corporate governance.
Spain: Employee-owned sociedades laborales have
been hard hit by the economic crisis.
UK: Employee ownership for family businesses - advantages
& myth busting. Fresca Group to become majority employee-owned.
Childbase will move from individual share ownership to an
Employee Ownership Trust.
USA: Workers at employee-owned business more optimistic
than other workers. New firms turning to ESOPs. Legislative
package introduced to encourage employee-owned companies.
The full press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2017/May.htm
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A
political roadmap for employee ownership in Europe
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